Gateway Build & Design Ltd

Unaudited Financial Statements for the Year Ended 30 September 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

G T Patrick

SECRETARY:

Ms B Davies

REGISTERED OFFICE:

5A Hall Road East

Blundellsands

Liverpool

Merseyside

L23 8TS

REGISTERED NUMBER:

04065819 (England and Wales)

ACCOUNTANTS:

MATTHEWS SUTTON & CO LTD

Chartered Certified Accountants

48 - 52 Penny Lane

Mossley Hill

Liverpool

L18 1DG

FIXED ASSETS

Tangible assets

4

9,834

13,109

Investment property

5

73,596

83,430

86,705

CURRENT ASSETS

Debtors

6

9,134

3,009

Cash at bank

518

47,204

9,652

50,213

CREDITORS

Amounts falling due within one year

7

68,476

40,267

NET CURRENT (LIABILITIES)/ASSETS

(58,824

)

9,946

TOTAL ASSETS LESS CURRENT
LIABILITIES

24,606

96,651

CREDITORS

Amounts falling due after more than one
year

8

-

32,794

NET ASSETS

24,606

63,857

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

24,506

63,757

SHAREHOLDERS' FUNDS

24,606

63,857

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 June 2025 and were signed by:

G T Patrick - Director

1.	STATUTORY INFORMATION

Gateway Build & Design Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance and 20% on reducing balance

Investment property

Investment properties were valued using market data by the director on 30th September 2024.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2023

and 30 September 2024

30,055

DEPRECIATION

At 1 October 2023

16,946

Charge for year

3,275

At 30 September 2024

20,221

NET BOOK VALUE

At 30 September 2024

9,834

At 30 September 2023

13,109

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and

machinery

etc

£

COST

At 1 October 2023

and 30 September 2024

11,069

DEPRECIATION

At 1 October 2023

and 30 September 2024

11,069

NET BOOK VALUE

At 30 September 2024

-

At 30 September 2023

-

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2023

and 30 September 2024

73,596

NET BOOK VALUE

At 30 September 2024

73,596

At 30 September 2023

73,596

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Other debtors

9,134

3,009

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Bank loans and overdrafts

-

2,000

Trade creditors

96

93

Taxation and social security

3,669

36,096

Other creditors

64,711

2,078

68,476

40,267

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

Bank loans

-

32,794

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

-

26,682

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

2024

2023

£

G T Patrick

Balance outstanding at start of year

-

9,395

Amounts repaid

-

(9,395

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

10.	ULTIMATE CONTROLLING PARTY

The controlling party is G T Patrick.